Round #3

Strategy

For the 3rd round of the credit card arbitrage investment strategy, I am going to invest in a long-term and high-yield litigation portfolio through YieldStreet. In theory, a 13% ROI over 12-months with a borrowing cost of 3% will generate 10% profit.

Total Balance Transfers: $202,970

Date

Credit Card

Promotion

Cash

Balance

01/13/2018

Discover More

13m/0%/2%

$18,000

$18,360

01/21/2018

Chase Slate

16m/0%/0%

$11,970

$11,970

02/06/2018

U.S. Bank Cash 365 American Express

15m/0%/3%

$24,000

$24,720

02/10/2018

Alliant Credit Union Visa Platinum

12m/0%/0%

$20,000

$20,000

02/11/2018

Chase Ink Business Cash

12m/0%/2%

$10,000

$10,200

02/13/2018

Discover it

12m/0%/3%

$18,100

$18,643

02/13/2018

NFL Extra Points

15m/0%/3%

$9,700

$9,991

03/01/2018

Citi ThankYou Preferred

15m/0%/3%

$26,200

$26,986

03/06/2018

Bank of America Cash Rewards

11m/0%/3%

$19,400

$19,982

03/08/2018

Citi Double Cash

8m/0%/3%

$26,200

$26,986

03/30/2018

Bank of America BankAmericard

18m/0%/3%

$19,400

$19,982

Total

12.86 months, 0% APR, 2.39% fee

$202,970

$207,820

I’ve transferred a total balance of $202,970 from 11 different credit cards. The cost of borrowing was 2.39% or $4,850 for 12.86 months.

Return On Investment (ROI): 11.27%

Description

Net Profit/Loss

Net Return

Law Firm Financing VII (YieldStreet)

$27,733

13.66%

Balance Transfer Fees

($4,850)

(2.39%)

Total Return On Investment

$22,883

11.27%

An estimated return on YieldStreet investment over 12.86 months is 13.66%. After subtracting the balance transfer fees, my estimated ROI for this round is 11.27%.